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Gold and silver finally breakout over long fought resistance levels of $1300 and $17.50

Goldhedge

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#1
Gold and silver finally breakout over long fought resistance levels of $1300 and $17.50

8:46 AM$1300, gold, gold price, resistance, silver, silver priceNo Comments
In a matter of minutes during morning trading in the U.S. markets, gold suddenly shot up and broke through the long fought resistance level of $1300. And should gold hold above this price level into the close and perhaps through the next few days, the technicals are very strong for a quick push back towards the highs of last year.



Meanwhile, silver also broke through its own severe level of resistance of $17.50







http://www.thedailyeconomist.com/2017/08/gold-and-silver-finally-breakout-over.html
 

Mr Paradise

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#4
Perfect timing for the Sept 5th release of the Perth Mints 2018 Year of the Dog lunar gold and silver coins .....wait all year for this release and gold jumps $100 bucks in 50 days.
 

andial

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#8
It's Shemitah/100% Solar Eclipse/Katrina Reprise all over again.

Sorry, Mr. Dial sir

Still have those graded silver rounds for sale?

SC
Still grading them, ends up i have a pretty good eye for this alot of the coins are coming in ms 69 and over. Will have them available to the buying public in a week.
 

southfork

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#10
1320 gold now, silver up a few cents too, would be nice to wake up to 18.00 silver, perhaps the world is waking up to fake fiat
 

spinalcracker

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#11
Holy cow.
Thats crazy it is.
Darn it man.
4348

I got into BC when it was under $400 bux..
I regret that I didn't by more than 3/4 of one...
It was a pure gamble on my part and I was ok with losing that money.
My account/wallet is at Coinbase.
Now I just gotta figure how to turn it into cash and then into gold...
Gold is what it's all about.
 

southfork

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#13
I heard Bitcoin was going to split in 90 days. I would still rather have gold. Does the world seem more normal with gold creeping up?
Gold and silver should be going ballistic, 100 up on gold and 5/10 up on silver, debt is balloning, both .gov and private
 

Pyramid

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#16
Biggest news of the day is the USD recently broke through a double-bottom support level at ~93.5, closing at ~92.25 today. The USD has undergone a nearly a year-long downward trajectory that PM's have largely not reciprocated with, maybe it's different now that support has been breached...time will tell. I'm with ya, I want 25+ silver-er and 1500+ gold as well. Good luck out there folks.







 

gringott

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#17
1320 gold now, silver up a few cents too, would be nice to wake up to 18.00 silver, perhaps the world is waking up to fake fiat
Wake me up before you go go...
 

andial

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#18

goldielox1

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#20
Biggest news of the day is the USD recently broke through a double-bottom support level at ~93.5, closing at ~92.25 today. The USD has undergone a nearly a year-long downward trajectory that PM's have largely not reciprocated with, maybe it's different now that support has been breached...time will tell. I'm with ya, I want 25+ silver-er and 1500+ gold as well. Good luck out there folks.







Wrong. Dollar down 9% ytd and Au up 12% ytd. It has responded just fine, thank you.
 

ErrosionOfAccord

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#22
Sounds like a lot of underinsured properties in TX. I smell inflation.
 

Scorpio

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#23
Wrong. Dollar down 9% ytd and Au up 12% ytd. It has responded just fine, thank you.
I hear ya goldie, but it has been my experience that it is not % for %, as the size of the dollar decline is quite large. I may be wrong but metals typically respond in double and triple percent terms. Nor is the relationship consistent.

End April 2013
Gold 1472
Dollar 81.80

End Dec 2014
Gold 1184
Dollar 90.64

current value of dollar 91.72 which would equate to mid 1100's gold using dec 14 numbers
 
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Irons

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#24
So much for my cheap Sovereigns. Dammit.

,
 

anywoundedduck

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#25
Sounds like a lot of underinsured properties in TX. I smell inflation.
I would bet that this storm will take a lot of insurance companies down. The same insurance companies that wrote Obama Care. Ready to bury AIG?
I HEARD THAT LOSS IS IN THE TRILLIONS!!
What happened the last time AIG barfed up a hairball?

We, the American Taxpayer, were on the hook for Trillions.

So this is the event that triggers the end.
 
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southfork

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#29
))1320 gold now, silver up a few cents too, would be nice to wake up to 18.00 silver, perhaps the world is waking up to fake fiat
Click to expand...
Wake me up before you go go...

gringott, Yesterday at 8:58 PM Report))

When the move starts physical supplies will be wiped out in days, not unlike the game of musical chairs, demand will push prices feverishly
 

Bottom Feeder

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#32
AAAAAAAAAAAAnnnnnnnnnnnnnnd — it's back down again. Except for platy. Its always suckin hind tit.

BF